Apart from launching the 2018 Ciaz facelift, Maruti Suzuki has also increased the prices across the entire product range by up to Rs 6100 in the country. According to the company, prices have been increased due to the rise in commodity and distribution costs and adverse foreign exchange rates. The official statement regarding the same states, "The price change varies across models and is up to Rs 6,100 (ex-showroom - Delhi)." The new prices have already been effective since 16th August.
Currently, Maruti Suzuki India sells a range of vehicles from entry-level Alto 800 to mid-sized sedan Ciaz. These vehicles were priced between Rs 251 thousand and Rs 1.151 million (ex-showroom, Delhi) before the hike. Out of the lot, the automaker sells the Alto 800, Alto K10, Wagon R, Celerio, Celerio X, Swift, Dzire, Vitara Brezza, Ertiga, Gypsy, Omni, and Eeco through its Arena dealerships, while the S-Cross, Baleno, Ignis, and Ciaz are sold through the NEXA outlets. The vehicle that received the biggest increment in the prices is the Tata Nexon and Ford EcoSport rival Maruti Suzuki Vitara Brezza.
Hinting towards the price hike, earlier this month MSI Senior Executive Director (Marketing and Sales) R S Kalsi had said the company has been analyzing the adverse movement of commodity prices which were going towards the higher side. Besides, the foreign exchange rate had impacted the company adversely, while the fuel prices too have increased, adding to the logistics costs.
Though most of the Maruti Suzuki cars are manufactured locally as well as heavily localized, still the price hike owes to the rise in the cost of raw materials and the Indian rupee getting weaker against the US dollar. Currently, the Indian rupee is at an all-time low of 70.30 to a dollar. A weakening currency leads to a rise in the import costs of the materials.
Apart from Maruti Suzuki, automakers such as Mahindra & Mahindra, Tata Motors and Honda Cars India have also announced price hikes from this month citing rising input cost. Also, in April this year, luxury carmakers such as Audi, JLR and Mercedes-Benz hiked prices in the range of Rs 100 thousand to Rs 1 million to pass on the increase in customs duties.
After launching the 2018 Ciaz sedan facelift with cosmic and powertrain changes for good, Maruti Suzuki is also working to launch the all-new WagonR and the all-new Ertiga by the end of this year.
Stay tuned to V3cars.com for further updates from Maruti Suzuki India.